Asongu, Simplice; Odhiambo, Nicholas M. - In: Journal of Economic Structures 8 (2019) 36, pp. 1-22
The study examines the role of governance in modulating the effect of capital flight on industrialisation in Africa …. First, governance increases industrialisation whereas capital flight has the opposite effect; and second, governance does …. The empirical evidence is based on Generalised Method of Moments and governance is bundled by principal component analysis …